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Pricing of SGD 600,000,000 3.8% subordinated notes
Pricing of SGD 600,000,000 3.8% subordinated notes.
About this update from Prudential Plc
Prudential plc Prudential Funding (Asia) plc 15 May 2025 Successful pricing of SGD 600,000,000 3.800 per cent. Subordinated Notes due 22 May 2035 by Prudential Funding (Asia) plc (the "Issuer") The Issuer and the Guarantor today announce that the Issuer has successfully priced SGD 600,000,000 3.800 per cent. Subordinated Notes due 22 May 2035 (the "Notes") to be issued pursuant to the Issuer's US$10,000,000,000 Medium Term Note Programme. A summary of the principal terms of the Notes is set out below for the purposes of information only, and will be qualified by the more detailed information to be contained in the Final Terms relating to the Notes, which will be made available in due course, and should be read in conjunction with the prospectus dated 28 March 2025, as supplemented by a supplementary prospectus dated 2 May 2025 relating to the Issuer's US$10,000,000,000 Medium Term Note Programme. · Issuer: Prudential Funding (Asia) plc · Guarantor: Prudential plc · Issue date: 22 May 2025 · Maturity date: 22 May 2035 · Aggregate nominal amount: SGD 600,000,000 · Rate of interest: 3.800 per cent. per annum payable semi-annually in arrear · Ratings: BBB+ (S&P) / A3(Moody's) · Listing / trading venue: FCA Official List / London Stock Exchange's Regulated Market · Capital qualification: Intended to qualify as tier 2 group capital under the Insurance (Group Capital) Rules of Hong Kong (Cap. 41O of the Laws of Hong Kong). The expected use of proceeds of the issuance is for general corporate purposes. This announcement is not provided for, or directed at, persons in the United States. Enquiries to: Media Investors/Analysts Simon Kutner +44 (0)7581 023260 Patrick Bowes +852 2918 5468 Sonia Tsang +852 5580 7525 William Elderkin +44 (0)20 3977 9215 Darwin Lam +852 2918 6348 About Prudential plc Prudential plc provides life and health insurance and asset management in 24 markets across Asia and Africa. Prudential's mission is to be the most trusted partner and protector for this generation and generations to come, by providing simple and accessible financial and health solutio...